Valeria Fedyakina, also known as "Bitmama" or Russia's "Crypto Queen," has been caught up in a massive $23 million crypto fraud, scamming investors through fake crypto investment schemes.
Her alleged crimes stretch beyond that figure, with some reports indicating the fraud might total closer to $72 million.
Fedyakina built a social media persona as a wealthy, jet-setting crypto entrepreneur, promising quick returns from her investments.
But her luxurious lifestyle came crashing down when Russian authorities arrested her, accusing her of defrauding wealthy clients by using Bitcoin to secretly transfer their funds between Moscow and Dubai.
Prosecutors revealed that Fedyakina even filmed herself opening suitcases stuffed with cash, showcasing her boldness.
Victims, including close acquaintances, claim they were duped into believing in her fake oil deals and lucrative crypto investmentsâ
